Project Glossary

Power TAC project glossary

This is our vocabulary page. It defines terms that have specific meanings within the Power TAC domain.

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Balancing

Making total production + Imports equal to total consumption + Exports for a Broker's Portfolio within a Timeslot.

Broker

A competing agent that trades in the Wholesale Market and offers Tariffs to Customers.

Customer

A Consumer and possibly a producer of energy who might agree to subscribe to a Tariff from a Broker. Customers are further subdivided into Customer Populations, which represent potentially large numbers of Customers (households, for example) who are similar in interesting ways, and Individual Customers, large energy producers and/or consumers (large office buildings, shopping malls, colleges, industrial facilities, government entities) who have special characteristics and who might engage in a Negotiation process with Brokers in order to arrive at a mutually acceptable Tariff contract (or possibly a bundled set of such contracts).

Depot position

The set of existing future Import and Export commitments that have been cleared in the Wholesale Market for a Broker. needs clarification

Distribution

According to the [Energy Buyer's Glossary],

Distribution Utility

x

Export

Outgoing transport of power from the Power TAC distribution zone into the transmission infrastructure. This can happen due to Broker power purchases, or through Balancing actions taken by the Distribution Utility.

Import

Incoming transport of power from the transmission infrastructure into the Power TAC distribution zone. This can happen due to Broker power purchases, or through Balancing actions taken by the Distribution Utility.

Portfolio

x

Subscription

A Customer agreement to accept a Tariff from some Broker.

Tariff

A contract to buy and/or sell energy between a Broker and a Customer.

Timeslot

The minimum unit of time accounted for within the Power TAC simulation. In the normal configuration, it represents one hour.

Transmission

x